Cyprus property could be "tempting" for investors in 2010

Bargain prices in Cyprus combined with its Mediterranean climate make it a tempting proposition for property investors.

In an article in the Daily Mail, Graham Norwood draws attention to the cheap prices developers and estate agents are offering to tempt UK buyers back to its market.

According to the land registry in the country, only 1,480 homes were sold to non-Cypriots in the first ten months of 2009, something which is being put down to the global economic crisis.

However, property agents have suggested things are looking up. Justin Stayles of PropCyprus told the paper said: "Prices are just about stabilising after a long period of freefall.

"If you're going to buy at the bottom of the market, get in quickly."

Areas such as Paphos are likely to benefit from a new motorway which will link the town with the expanding airport.

The Whitehaven News recently described Cyprus as an ideal holiday destination anytime of the year.

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